>> high, japan, topix and other bull market high. >> right. >> so there's many things to be positive about. >> a lot of positives. certainly a lot of positives. money on the sidelines. ben pace, there you go. you've got some challenges for the economy, and yet this market wants to go higher. how do you play is t and where's the best place to allocate capital? >> well, i think at these levels, maria, moving sideways for a while after that december 31st, january 2nd move, but it seems to have broken out a little bit the last couple of hours. looking to move up. we're still, you know, a little cautious around these levels because we are worrying about the quarterly earnings reports coming through, revenue growth and, of course, the drama in washington. in general constructive on equities. want to make sure you're positioned well. a little bit more of an overweight towards the emerging market space, pacific extra pants base in the u.s. and still constructive overall in equities. >> what about that, steven?